NALCO’s net profit surges threefold in Q3, revenue up by 39%
The PSU’s net profit soared to an impressive Rs 1,583 crore
By Sukanta Kumar Mohanty
Bhubaneswar, Feb. 11: National Aluminium Company Limited (NALCO), the Navratna public sector unit (PSUP under Union ministry of mines has reported a threefold increase in net profit for the third quarter ended December 2024, driven by improved sales realisation, favorable market demand, and effective cost management. The company’s net profit soared to an impressive Rs 1,583 crore, significantly higher than Rs 488 crore recorded in the corresponding quarter of the previous year.
According to the reviewed financial results for Q3 of FY 2024-25, which were taken on record by the Board in a meeting held in Bhubaneswar today, NALCO registered a total income of Rs 4,761 crore compared to Rs 3,398 crore in Q3 of FY 2023-24, reflecting a strong 39 per cent increase in revenue.
For the nine months ended December 2024, the company posted a net profit of Rs 3,246 crore and revenue from operations of Rs 11,520 crore, marking a remarkable 211 per cent increase in net profit and a 20 per cent rise in revenue compared to Rs 1,044 crore and Rs 9,570 crore, respectively, during the same period last year. Notably, NALCO achieved its highest-ever revenue from operations and profit after tax (PAT) in both Q3 and the cumulative nine-month period of FY 2024-25.
Attributing the company’s stellar performance to its workforce, NALCO’s Chairman-cum-Managing Director, Shri Brijendra Pratap Singh, emphasised that process efficiency improvements, reduction in input costs, and enhancement of product quality played a key role in the company’s success. He highlighted that the impressive results were driven by better sales realization in alumina and metal, higher alumina sales volume, increased usage of captive coal, and reduced raw material costs.
Looking ahead, Singh reaffirmed NALCO’s commitment to expansion initiatives, including the completion of the 5th stream expansion of its refinery, operationalization of Pottangi Mines, brownfield expansion of its smelter plant, and planned expansion of its captive power plant (CPP).
In a significant announcement, the company also declared an interim dividend of Rs 4 per share for the financial year 2024-25, underscoring its commitment to rewarding shareholders amid strong financial performance.
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Photograph: The headquarters of Navratna Central PSU Nalco in Bhubaneswar, Odisha (left), alongside its Chairman-cum-Managing Director, Brijendra Pratap Singh.
